42% of Retirees Have Made This Huge Planning Mistake, a Survey Says
When we think about planning for our senior years, we generally tend to focus on a few key things: maxing out our retirement plan contributions, investing strategically, and figuring out when to sign up for Social Security benefits. But according to a recent Nationwide survey, 42% of current retirees made one major blunder in the course of their planning: They did not consider how taxes would impact their retirement income. And that's a mistake you'll want to avoid.
You might assume that as a senior, you'll be entitled to a host of tax-free income. But that's not necessarily the case at all. In fact, here are a few key income sources that are absolutely taxable.
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Source Fool.com
